The US Department of Defense is nearing the finalization of a $10 billion arms deal with Israel, Saudi Arabia and the United Arab Emirates, The New York Times reported Thursday. The arms sale is aimed at bolstering defenses against possible future Iranian threats, the report said.

According to the Times, Israel would be permitted to purchase from American contractors the KC-135 refueling tanker planes, “antiradiation” missiles that target air-defense radars, new advanced radars for jets and the V-22 Osprey aircraft.

The deal also reportedly will include $3 billion dollars in military aid to Israel this fiscal year.

The sale of the V-22 Osprey will be the first to any foreign military, according to the report.